Inflation

Price awareness

Market data indicate that governmental measures to address inflation are insufficient. For effective competition, consumer oversight is essential, in addition to regulatory measures. Cultivating consumer awareness is crucial so that products with competitive prices are recognized and rewarded on supermarket shelves.

Serbian October average net monthly wage at 86,738 dinars

BELGRADE - The Serbian average net monthly wage in October was 86,738 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 119,791 dinars.

Average gross and net wages between January and October were up by 15.0 pct y-o-y in nominal terms and by 1.4 pct y-o-y in real terms.

Central Bank lifts key rate for seventh consecutive month

The Central Bank of Türkiye has increased the key interest rate for a seventh consecutive month but said it is nearing the end of the monetary tightening cycle.

As widely expected, the bank hiked the policy rate - the one-week repo auction rate - by 250 basis points to 42.5 percent at the Monetary Policy Committee's last meeting of 2023 on Dec. 21.

Central bank warns on profit inflation

Addressing the phenomena of "profit inflation" and tax evasion, as well as the acceleration of the absorption of European resources and of course the reduction of public debt, are matters at the forefront of Bank of Greece Governor Yannis Stournaras' policy proposals in the Interim Monetary Policy Report he presented on Wednesday.

Şimşek, Erkan to meet investors in New York

Finance Minister Mehmet Şimşek and Central Bank Governor Hafize Gaye Erkan will travel to New York next month to meet with investors.

As part of the "Investor Day" event to be held on Jan. 11, Erkan will make a presentation to foreign investors on monetary policy and inflation, according to the invitation the Central Bank sent to investors.

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